Landmark Class-Action Lawsuit over Climate Risk in Retirement Plan
ClientEarth filed a class-action lawsuit, the first of its kind, against Cushman & Wakefield on behalf of a former employee for failing to properly protect their 401(k) plan from climate change risks, thus violating the Employee Retirement Income Security Act of 1974. ESG Dive
Kensington Corridor Trust demonstrates neighborhood-led revival without displacement
An economically depressed neighborhood in Philadelphia is modeling a residents-led revitalization using community development financing tools and alternative ownership structures. ImpactAlpha
What the War on Iran Means for Renewable Energy Deployment
Higher energy prices could make green alternatives more attractive but harder to deploy. Difficulties stem from possible inflation and interest rate spikes for an industry sensitive to borrowing costs. Bloomberg
Claude AI model to screen investments
Norway’s $2 trillion oil fund, one of the world’s biggest investors, is now using Anthropic’s LLM to screen investments for potential reputational and ethical risks. CNBC
The feds pulled $1.5B from tribal clean energy. Tribes are finding another way.
Tribes are turning to foundations, nonprofits, and low-interest loan opportunities to fill the massive financial gap caused by the rescinding of funds last year. Grist
A Victory for Responsible, Climate-Conscious Investors
Texas placed a statewide boycott on using investment firms doing business with the state that screen out fossil fuels. Social investors sued, asserting the “blackout business” rule was unconstitutional, and won. Democracy Forward